A former Goldman Sachs banker pleaded not guilty Monday in New York to bribery and other charges in the multi-billion-dollar 1MDB scandal after being extradited from Malaysia. Malaysian Ng Chong […]
Goldman Sachs Chief Executive David Solomon said Wednesday that the chances of the U.S. economy soon entering a recession are lower now than they were earlier this year. “I don’t […]
Brexit uncertainty has cost Britain £600 million ($1.1 billion) a week since the 2016 referendum, according to one of the world’s biggest investment banks. Goldman Sachs estimates that almost 2.5 […]
In the face of a slowing economy, companies with low operating leverage should outperform, according to Goldman Sachs. Such companies tend to have higher costs associated with more sales, but […]
Bitcoin enjoyed a little pop after news broke that Goldman Sachs was officially moving towards launching a bitcoin trading operation. The Wall Street investment bank will soon start trading bitcoin […]
After punishing six bankers, Singapore is now investigating Goldman Sachs Group Inc’s relationship with 1MDB – the Malaysian investment fund at the centre of global money laundering probes.
Bloomberg reports today that the island republic’s Commercial Affairs Department, the police’s economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Berhad. 1MDB is a multi-billion national investment board for Malaysia that is aimed on encourage economic development and business creation.
Goldman Sachs wants to expand its investment bank in Switzerland and is in the process of upgrading its trading operations in Zurich to a branch from a representative office, a source familiar with the matter said on Thursday, aas Bloomberg News reported.
The change would allow Goldman Sachs to do a wider range of broker/dealer-type activities, and does not involve the New York-based bank expanding in the wealth management or advisory businesses, the person said.
Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal.
Citing sources with knowledge of the effort, the Wall Street Journal reported yesterday that Goldman is in the early stages of creating a trading operation specifically geared toward cryptocurrencies. At the same time, it’s not clear at this time if the investment bank will go ahead with the plan.
